Industry News

Inflation Reduction Act Tamps Down on Prescription Drug Price Increases Above Inflation

New Medicare Prescription Drug Inflation Rebate Program protects people with Medicare and taxpayers when drug companies increase prices faster than the rate of inflation

HHS announces savings for some people with Medicare on 27 Part B prescription drugs

CMS: Helping Members Resolve Data Matching Issues (DMIs)

CMS Messaging to Agents/Brokers about Resolving DMIs:

Subject Line: Resources to Help Consumers Resolve Data Matching Issues

Headline: Understanding How to Help Consumers Resolve Data Matching Issues

Nevada Health Link Enrollments Extended Until 11:59PM On January 20

Nevada agents: If a consumer has completed their application on or before January 15th, but has not selected a plan and enrolled, they have until 11:59 p.m. on Friday, January 20th, to select a plan.

Inflation Reduction Act Timelines

NEW FOR 2023 - SPECIFIC TO MEDICARE PARTS A & B:

Per Medicare and You 2023, beginning January 1, 2023, consumers who missed enrolling in Medicare when eligible due to special circumstances may be able to sign up for Medicare during a Special Enrollment Period. Consumers should contact Medicare for more information.

Broker and Issuer Information Transfer is Limited for Colorado Connect Enrollments

Due to system limitations, some Colorado Connect enrollment data about Broker associations will not be automatically sent to health insurance companies (also referred to as "issuers”) in the month of November. Connect for Health Colorado is establishing a short-term manual solution for this problem, and a permanent solution is expected to be implemented sometime in 2023.

New Regulation For California Agents Effective January 1, 2023

This fall, California passed a new law that requires agents to include their license number on emails, effective January 1, 2023.

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